John Williams, president of the New York Fed, said in an interview with The New York Times released just ago Monday that he expects interest rates to start falling next year.
Where he said, too.
- Inflation drops as hoped.
- Unemployment is expected to rise slightly as the economy slows, and personally sees the unemployment rate rise above 4% next year.
- Doesn't rule out the possibility of a price cut in early 2024.
- It all depends on economic data.
The US dollar is still up against most major currencies today.
And we wait a little while for the speeches of Harker and Bowman, members of the Federal Committee.
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